Another month's Kemper delay adds $38M to power plant's cost

By The Associated Press

Mississippi Power Co. is again delaying completion for its $7.3 billion Kemper County power plant.

 

JACKSON, Miss. (AP) — Mississippi Power Co. is again delaying completion for its $7.3 billion Kemper County power plant.

The subsidiary of Atlanta-based Southern Co. says it still can't reliably run parts of the plant, including units that convert lignite coal into gas.

Southern said in a stock filing Monday that it's pushing back completion by another month to May 31, more than three years behind schedule and more than $4 billion over budget.

Mississippi Power says it's absorbing $38 million in additional costs announced Monday, while customers could be asked to pay $20 million.

Overall, customers could be asked to pay $4.3 billion. Southern shareholders have lost $2.9 billion.

Mississippi Power must submit a Kemper financing plan to the state Public Service Commission by June 3. That body decides how much customers pay.

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